Bailador invests $2.5m in Rezdy
Sydney, Australia – Bailador Technology Investments (ASX: BTI) today announced a $2.5M investment in Rezdy.
BTI was the lead investor in a total $3.0M round.
Rezdy is an online SaaS software package for Tours and Activity (“TAA”) operators and a B2B marketplace that aggregates tours and activities for resellers (such as travel agents, concierge desks, OTA’s and reservation engines).
Founded in 2012, Rezdy has 20 FTEs across its HQ in Sydney and offices in San Francisco and Chicago. The company has doubled its customer base in the last 12 months to nearly 1,000 active customers, who collectively have processed ~$300m of booking revenue through the platform. Approximately 40% of revenue is currently generated outside of Australia.
David Kirk, Partner at BTI, commented, “Rezdy is a business that we have watched develop over the past three years. We have confidence that Simon and his team have ‘cracked the code’ to execute in this extremely attractive $30bn global market”.
“Bailador has enjoyed terrific success with our involvement in SiteMinder, as it has grown to be the clear world leading provider of hotel inventory distribution technology solutions. Rezdy operates a similar scalable business model in an adjacent space, so we aim to share the benefit of that experience with the Rezdy management team as they continue to growth their global footprint” added Paul Wilson, Partner of BTI.
Simon Lenoir, CEO and Co-Founder of Rezdy, commented, “Leveraging its experience with SiteMinder, Bailador truly understands our business and the market’s potential. We are very much looking forward to welcoming David Kirk as Chairman of our Board”.
“Bailador has proven its ability to facilitate Australian businesses expand globally, helping local leaders become global leaders. This is of particular importance to Rezdy. We are the market leader in Australia and have our eye on the US market”.
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To read more about the company, check out Rezdy's profile page in our portfolio.